Simple Interest problems
- 1. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 16% per annum is Rs 320. What is the value of given sum (in Rs)?
Options- A. 25000
- B. 50000
- C. 37500
- D. 12500 Also asked in: Bank Exams
Correct Answer: 12500
- 2. On a certain principal if the Simple interest for two years is Rs 3000 and Compound interest for the two years is Rs 3225, what is the rate of Interest?
Options- A. 7.5 percent
- B. 30 percent
- C. 15 percent
- D. 22.5 percent Also asked in: Bank Exams
Correct Answer: 15 percent
- 3. Ganesh invested an amount of Rs x in a fixed deposit scheme offering 5% per annum for 1st year and 15% per annum for 2nd year and received an amount of Rs 9660 after two years. What is the value of x (in Rs)?
Options- A. 9000
- B. 8000
- C. 8500
- D. 8200 Also asked in: Bank Exams
Correct Answer: 8000
- 4. An amount fetched a total simple interest of Rs. 3200 at the rate of 6.25 %/yr in 4 years. What is the amount (in Rs)?
Options- A. 13800
- B. 11800
- C. 12800
- D. 14800 Also asked in: Bank Exams
Correct Answer: 12800
- 5. The simple and compound interest that can be earned in two years at the same rate is Rs 1500 and Rs 1575 respectively. What is the rate (% per annum) of interest?
Options- A. 8
- B. 10
- C. 12
- D. 5 Also asked in: Bank Exams
Correct Answer: 10
- 6. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:
Options- A. 620
- B. 630
- C. 640
- D. 625 Also asked in: Bank Exams
Correct Answer: 625
- 7. The sum of money that will yield Rs. 60 as simple interest at 6% per annum in 5 years is
Options- A. 200
- B. 225
- C. 175
- D. 300 Also asked in: Bank Exams
Correct Answer: 200
- 8. The rate of simple interest per annum at which a sum of money double itself in 16 2/3 yrs is
Options- A. 4%
- B. 5%
- C. 6%
- D. 6.5% Also asked in: Bank Exams
Correct Answer: 6%
- 9. For what sum will the simple interest at R% for 2 years will be R?
Options- A. 100/2R
- B. 50/R
- C. 100/R
- D. 200/R Also asked in: Bank Exams
Correct Answer: 100/R
- 10. In simple interest rate per annum a certain sum amounts to Rs. 5,182 in 2 years and Rs. 5,832 in 3 years. The principal in rupees is
Options- A. Rs. 2882
- B. Rs. 5000
- C. Rs. 3882
- D. Rs. 4000 Also asked in: Bank Exams
Correct Answer: Rs. 3882
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